Wisconsin native, conservative critic of everything.
"Once abolish the God, and the government becomes the God." ---G K Chesterton
"The only objective of Liberty is Life" --G K Chesterton
"Fallacies do not cease to be fallacies because they become fashions" --G K Chesterton
"A man can never have too much red wine, too many books, or too much ammunition." -- Rudyard Kipling

Monday, November 18, 2013

That "Unemployment" Number? Fuggeddaboutit

Seems like the Census department unemployment numbers have been massaged.

So, whenever ONE gummint official exposes "deception", we automatically believe them when they state numerous others were involved without specific evidence; and whenever a gummint official provides official numbers, we automatically question those statistics, because they aredeceiving (naturally). Got it.

Glad to note that in the future, whenever there is a .3 move in unemployment, and it occurs under a (D) or (R) presidency, you will acknowledge that momentous occasion as "huge".

In August, the labor-force participation rate in the U.S. dropped to 63.5%, the lowest since September 1981. By definition, fewer people in the workforce leads to better unemployment numbers. That’s why the unemployment rate dropped to 8.1% in August from 8.3% in July.

Meanwhile, we’re told in the BLS report that in the months of August and September, federal, state and local governments added 602,000 workers to their payrolls, the largest two-month increase in more than 20 years. And the BLS tells us that, overall, 873,000 workers were added in September, the largest one-month increase since 1983, during the booming Reagan recovery.

These three statistics—the labor-force participation rate, the growth in government workers, and overall job growth, all multidecade records achieved over the past two months—have to raise some eyebrows.